Hair Salon Industry in Hustadvika: A Comprehensive Analysis

Other Observations

• Number of companies: There are 23 companies registered in the hair salon industry in Hustadvika, but only 16 of these have reported data.
• Organizational forms: Most companies are AS (5 companies), while some are ENK (11 companies).
• Bankruptcy security: None of the reported companies are in bankruptcy, but several have zero income and employees, which may indicate a recent start-up or inactivity.
• Geographic distribution: Activity is most concentrated in Elnesvågen and Eide, while Farstad has very low activity.
• Economic dynamics: The industry has shown variations in income and employees over time, with a decline in 2020 and a gradual increase since 2022.

Economic Trends

• Income: The hair salon industry in Hustadvika had a total income of NOK 9.3 million in 2025, with an annual growth of 4.9% compared to 2024. This is a significant decline from 2019 (NOK 9.9 million) before the pandemic phase of the year.
• Employees: The number of employees decreased from 41 in 2019 to 21 in 2026, but has stabilized somewhat since 2022.
• Trend analysis: The industry experienced strong growth from 2016 to 2019, but was heavily impacted by the pandemic in 2020. There has been a gradual increase since 2022, but with weak growth in 2025.

Table: Annual income and employees

Economic assessment

• Stability: The industry has shown gradual stabilization after 2022, but with weak growth in 2025.
• Margins: The most profitable companies have higher EBITDA margins (up to 38%) compared to those with lower income.
• Challenges: In recent years, there has been a decline in the number of employees, which may indicate increased costs or reduced operations.

• Registered companies: There are 23 companies registered in the hair salon industry in Hustadvika, but only 16 of these have reported data.
• Organizational forms: Most companies are AS (5 companies), while some are ENK (11 companies). AS companies have higher income and employees compared to ENK companies.
• Key players: The most significant companies are:
• Salong Wi To As (Elnesvågen): 11 employees, but no income.
• Sveisn As (Eide): 8 employees, income of NOK 5.2 million and EBITDA of NOK 918,000.
• Frisørene As (Elnesvågen): 3 employees, income of NOK 2.8 million and EBITDA of NOK 1.1 million.
• New companies: Several companies were established after 2020, such as Beauty By Tonje Hagen Bugge (2023) and Byuti Mathisen (2024), but these have not yet reported any income.
• Elaboration: Many companies have zero income and employees, which may indicate a recent start-up or inactivity.

Geographic Distribution

• Elnesvågen: 2 companies, 14 employees, income of NOK 2.8 million. High EBITDA margin (38%) and high income per employee (NOK 807,000).
• Eide: 2 companies, 9 employees, income of NOK 6.6 million. Lower EBITDA margin (14%) compared to Elnesvågen.
• Farstad: 1 company, 1 employee, but no income. This may indicate a recent start-up or inactivity.

Table: Geographic Distribution

Geographic observations

• Concentration: Activity is most concentrated in Elnesvågen and Eide, while Farstad has very low activity.
• Potential: Elnesvågen and Eide have higher income and employees, which may indicate better market share and operational efficiency.
• Challenges: Farstad has very low activity, which may be a challenge for future development.

Operational Dynamics and Bankruptcy Statistics

• Bankruptcy: None of the reported companies are in bankruptcy, which indicates a relatively stable industry.
• Inactivity: Several companies have no income and employees, which may indicate a recent start-up or inactivity. This may be a challenge for future development.
• Operational results: The most profitable companies have higher EBITDA margins (up to 38%) compared to those with lower income.
• Challenges: In recent years, there has been a decline in the number of employees, which may indicate increased costs or reduced operations.

Table: Operational Results

Operational Dynamics

• Stability: The industry has shown gradual stabilization after 2022, but with weak growth in 2025.
• Challenges: In recent years, there has been a decline in the number of employees, which may indicate increased costs or reduced operations.

Development Trends for Entrepreneurs

• Stability: The industry has shown gradual stabilization after 2022, but with weak growth in 2025. This may indicate a gradual increase in market share and operational efficiency.
• Potential: Elnesvågen and Eide have higher income and employees, which may indicate better market share and operational efficiency. This may be an advantage for new entrepreneurs.
• Challenges: In recent years, there has been a decline in the number of employees, which may indicate increased costs or reduced operations. This may be a challenge for new entrepreneurs.
• Bankruptcy risk: None of the reported companies are in bankruptcy, which indicates a relatively stable industry. This may be an advantage for new entrepreneurs.
• Recommendation: Entrepreneurs should consider establishing themselves in Elnesvågen or Eide, where there is higher income and employees. This may provide better opportunities for growth and operational efficiency.

Development Trends for Hair Salon Industry

• Larger industry: The hair salon industry in Hustadvika has 42 companies, while the hair salon industry has 23 companies. This indicates that the hair salon industry is more developed and has a higher market share.
• Income: The hair salon industry had a total income of NOK 12.4 million in 2025, with an annual growth of 7.8% compared to 2024. This is higher than the hair salon industry (NOK 9.3 million in 2025).
• Employees: The number of employees decreased from 44 in 2019 to 30 in 2026, but has stabilized somewhat since 2022. This is lower than the hair salon industry (21 employees in 2026).
• Trend analysis: The hair salon industry has shown strong growth from 2016 to 2019, but was heavily impacted by the pandemic in 2020. There has been a gradual increase since 2022, but with weak growth in 2025.

Table: Annual income and employees for the hair salon industry

Development Trends

• Stability: The hair salon industry has shown gradual stabilization after 2022, but with weak growth in 2025.
• Margins: The most profitable companies have higher EBITDA margins compared to the hair salon industry.
• Challenges: In recent years, there has been a decline in the number of employees, which may indicate increased costs or reduced operations.
• Bankruptcy risk: None of the reported companies are in bankruptcy, which indicates a relatively stable industry.

• Stability: The hair salon industry in Hustadvika has shown gradual stabilization after 2022, but with weak growth in 2025. This indicates a gradual increase in market share and operational efficiency.
• Potential: Elnesvågen and Eide have higher income and employees, which may indicate better market share and operational efficiency. This may be an advantage for new entrepreneurs.
• Challenges: In recent years, there has been a decline in the number of employees, which may indicate increased costs or reduced operations. This may be a challenge for new entrepreneurs.
• Bankruptcy risk: None of the reported companies are in bankruptcy, which indicates a relatively stable industry. This may be an advantage for new entrepreneurs.
• Recommendation: Entrepreneurs should consider establishing themselves in Elnesvågen or Eide, where there is higher income and employees. This may provide better opportunities for growth and operational efficiency.
• SmartGrunder: SmartGrunder can help entrepreneurs find suitable addresses in Hustadvika for the hair salon industry, based on data and analysis.